The board of directors of China Sunshine Paper Holdings Company Limited announced that Mr. Xu Fang has tendered his resignation to the Board as a non executive director of the company with effect from July 16, 2013 in order to devote more time to his personal endeavours. The Board announced that Mr. Zhang Licong has been appointed as a non-executive Director with effect from July 16, 2013. Mr. Zhang Licong is currently an investment director of China Everbright Investments Management Limited.